Heavy loss of 1.2 million after one week

SJC gold bar price

At the end of the week's trading session, DOJI Group listed the price of SJC gold at 78.3-79.8 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, gold price at DOJI increased by 800,000 VND/tael for buying and increased by 300,000 VND/tael for selling.

The difference between buying and selling price of SJC gold at DOJI Group is at 1.5 million VND/tael.

The difference between buying and selling price of SJC gold at DOJI is at 1.5 million VND/tael. — SJC gold bar price recorded at DOJI Group in recent trading sessions. Unit: Million VND/tael. Chart: Le Ha

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 78.3-79.8 VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC increased by VND800,000/tael for buying and VND300,000/tael for selling.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.

Last week, SJC gold price increased sharply, however, the difference between buying and selling gold was high, investors still suffered heavy losses.

If you buy gold at DOJI Group on July 28 at VND79.5 million/tael and sell it today (August 4), you will lose VND1.2 million/tael. Meanwhile, those who buy gold at Saigon Jewelry Company SJC will also lose VND1.2 million/tael.

Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

9999 gold ring price

This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 76.40-77.55 million VND/tael (buy - sell); an increase of 600,000 VND/tael for buying and an increase of 500,000 VND/tael compared to the closing price of last week's trading session.

Saigon Jewelry Company listed the price of gold rings at 76.15-77.55 million VND/tael (buy - sell); an increase of 650,000 VND/tael for buying and an increase of 550,000 VND/tael compared to the closing price of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 76.32-77.52 million VND/tael (buy - sell); an increase of 440,000 VND/tael for both buying and selling compared to the closing price of the previous trading session.

In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.

World gold price

At the close of the weekly trading session, the world gold price listed on Kitco was at 2,433.3 USD/ounce, up 47.2 USD/ounce compared to the close of the previous week's trading session.

Gold Price Forecast

World gold prices rose last week amid a high USD index. At 6:00 a.m. on August 4, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 102.999 points (down 1.16%).

Adrian Day, president of Adrian Day Asset Management, predicts that gold prices will rise higher next week amid a weakening US economy and the increasing likelihood of interest rate cuts. Speaking at a press conference this week, Fed Chairman Jerome Powell expressed his eagerness to cut interest rates. Day said that the recent data has given the US central bank more reason to make a policy pivot.

RJO Futures senior commodities broker Bob Haberkorn said he expects gold to move higher next week. He explained that this week’s sell-off in gold was short-lived. Recession fears and weak jobs numbers have pushed gold higher and prices will continue to move higher next week to surpass $2,500 an ounce again.

George Milling-Stanley, an expert at State Street, commented that the current economic and political situation is supporting gold prices, and prices could reach $2,500-2,700/ounce if the USD continues to weaken due to the FED's interest rate policy.

This week, 14 analysts participated in the Kitco News Gold Survey. Wall Street’s optimism about gold surged after stocks were rocked by economic and geopolitical threats.

Eleven experts predict that gold prices will increase further next week. Meanwhile, only one predicts that prices will decrease. The remaining two analysts predict that gold prices will be flat next week.

Meanwhile, 191 votes were cast in Kitco's online poll. 140 investors expect gold prices to rise next week. Another 28 predict gold prices will fall. Meanwhile, only 23 predict gold prices will remain unchanged.

Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-48-lo-nang-toi-12-trieu-sau-mot-tuan-1375658.ldo